Parents' Influence on Retirement Planning in Malaysia

Mansori, Shaheen (2017) Parents' Influence on Retirement Planning in Malaysia. Family and Consumer Sciences Research Journal, 45 (3). pp. 315-325.

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Many studies have indicated that the development of children's behavior is strongly influenced by their parents’ behavior during childhood. This paper applied the theory of planned behavior as a basis for the analysis of data from a sample of 520 Malaysians aged 18 and over. Regression analysis was used to assess the relationship between parents’ financial behavior and their children's retirement planning. Results showed that: (a) parents play a significant role as agents of financial socialization for their children's retirement planning behavior, and (b) saving attitude mediates this relationship. Suggestions for policymakers and future research are presented.

Item Type: Article
Subjects: H Social Sciences > HQ The family. Marriage. Woman
Divisions: Faculty of Business, Communications & Law
Depositing User: Unnamed user with email
Date Deposited: 10 Jul 2017 08:52
Last Modified: 10 Jul 2017 08:52

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